(For a quick and easy-to-understand video, check out our ‘How to place an Order' video tutorial on YouTube.)
There are several ways to place an order:
From the 'Watchlist' Widget Click the 'Trade' button for the currency you wish to trade in the Watchlist widget. This will bring up the 'New Order' form where you can select the parameters of your trade.
From the 'Chart' widget
a) In the top left corner of the Chart widget you can click the red Sell or green Buy buttons to place an order. An order form will pop up, where you can choose the side of a trade, order type, quantity and price.
b) When clicking the right mouse button in the chart field, a trade selection tool will appear, giving you the choice to place a Buy or Sell order. Next, an order entry tool will appear. Trading from the chart is perfect for placing limit orders away from the market.
From the Dashboard Widget Click the red Sell or green Buy buttons to place an order. This widget is very convenient when quick entry into the market is top priority
When placing an order with any of the methods mentioned above, a 'New Order' window will pop up:
In the 'New order' window, select your desired order parameters: - Order Type (See 'Order Types' for detailed info on all available order types) - Amount of the currency you wish to trade - Side of the order (Buy/Sell) - Stop Loss and/or Take Profit protection orders, if you wish to utilise them. (Stop loss/Take profit orders can be added/modified/removed from any active position or order at anytime)
After editing your order, make sure to double check your selected order parameters and Margin Impact. If everything is correct, click 'Send Order' to place your order.
You can easily track and make changes to your orders using the Orders Widget, where you will find all details about your active orders.
To Cancel an order, click the cross (X) on the right side of each order row or right-click the order you wish to cancel and choose the ‘Cancel’ option in the drop down menu.
To Modify an order, right-click the desired order and click 'Replace'. A new 'Edit/Replace Order' window will pop up, where you can select the new parameters of your order.